Group Executive Committee

The Group Executive Committee is responsible for the formulation and implementation of the Group’s overall strategies and addresses issues such as acquisitions and divestments. These issues, as well as major capital expenditures (in excess of SEK 50 million), are prepared by the Group Executive Committee for decision by the Board of Directors of the parent company.

The President is responsible for the day-to-day management of the Company in accordance with the Board of Directors’ instructions and guidelines. The Group Executive Committee consists of:

President & CEOExecutive Vice President & Head of SSAB Europe Executive Vice President & Head of SSAB AmericasExecutive Vice President & Head of SSAB Special SteelsExecutive Vice President and Head of Legal and StrategyExecutive Vice President and Chief Financial OfficerExecutive Vice President and Head of HR and SustainabilityExecutive Vice President and Head of Group CommunicationsExecutive Vice President and Head of Technical Development

The Group Executive Committee holds monthly meetings in order to discuss the results and financial position of the Group as well as divisions/subsidiaries. Other issues addressed at Group Executive Committee meetings include strategic issues and follow-up on budget and forecasts.

The head of each division and subsidiary is responsible for the respective income statement and balance sheet. Overall operational control of the divisions takes place through quarterly performance reviews and, in Ruukki Construction and Tibnor, through each Board of Directors. The President of the parent company is the Chairman of the Board of each of the directly-owned major subsidiaries and these boards also include other members from the Group Executive Committee as well as employee representatives. The Boards of the subsidiaries monitor the ongoing operations and determine strategies and budgets.

Martin Lindqvist

President & CEO

BSc (Economics), Uppsala University

Born 1962
Nationality: Swedish

Member of the Group Executive Committee since 2001.
Employed at SSAB since 1998.

Charles Schmitt

EVP & Head of SSAB Americas

BSc (Business Administration/Finance)The University of Texas at Arlington, two-year steel fellowship at the American Iron and Steel Institute.

Born 1959
Nationality: American

Member of the Group Executive Committee since 2011.
Employed at SSAB/IPSCO since 1990.

Previously: Several positions: US Steel Corporation and VP of the Southern Business Unit: SSAB Americas.

Shareholding (SSAB, as at Dec 31, 2016): -

Per Olof Stark

EVP & Head of SSAB Special Steels

MSc, KTH Royal Institute of Technology, Stockholm

Born 1954
Nationality: Swedish

Member of the Group Executive Committee since 2014.
Employed at SSAB since 1983.

Previously: Head of business unit: SSAB Wear Services,
President: wholly owned subsidiary Plannja,
Head of marketing: SSAB’s former Plate Division,
Head of business area: Europe and the US and
Head of global Marketing, Head of Sales and Product development: SSAB Plate.